Aug 6 - Fox Corp. reported fourth-quarter results that exceeded analysts' forecasts, with both revenue and adjusted earnings per share beating consensus as advertising demand climbed during a busy news and sports cycle. Shares of the company rose 2.3% in premarket trading following the report.
The company posted revenue of $4.21 billion, outpacing the analysts' average estimate of $3.64 billion compiled by LSEG. Adjusted earnings per share came in at $1.79, topping the consensus estimate of $1.42.
Fox said advertising revenue jumped 78% to $1.92 billion. Management attributed that surge to the company's broadcast of the FIFA Men’s World Cup and the ongoing digital traction at its ad-supported streaming platform, Tubi. The Spain-Argentina final drew 63 million viewers in the United States, the company noted, and Fox held exclusive English-language U.S. broadcast rights for the 2026 FIFA World Cup while NBCUniversal’s Telemundo had the Spanish-language rights.
In a statement accompanying the results, CEO Lachlan Murdoch said, "Fiscal 2026 was an exceptional year for Fox, capped by our broadcast of a remarkable FIFA Men’s World Cup." The company highlighted a portfolio that includes Fox News, Fox Sports, Tubi, and the subscription streaming service Fox One.
Separately, Fox confirmed its June announcement that it would acquire Roku in a cash-and-stock transaction valued at about $22 billion. The company framed the deal as a step to deepen its footprint in streaming on internet-connected televisions and to reduce reliance on traditional cable television, whose audience has been shrinking for years.
Context and business lines
Fox's results were driven by advertising and digital streaming growth. The company cited both the World Cup broadcast and Tubi's digital momentum as primary contributors to the advertising revenue increase. The Roku transaction announced in June was presented as part of Fox's strategy to accelerate its streaming presence on connected TVs.
Market reaction
Investors reacted positively in premarket trading, sending shares higher by 2.3% after the beats in revenue and earnings.
Note on limitations
The company reported the figures and drivers above; the report does not provide further detail in this release about the sustainability of event-driven advertising gains or the timing and terms for closing the Roku transaction beyond the June announcement.